Bitcoin, Ethereum, Dogecoin Dip As Stocks Rebound: Top Trader Anticipates BTC’s Fall To $99,000 But A ‘Dovish’ Fed Could Spark Recovery

Leading cryptocurrencies shed early gains on Tuesday, while stocks recovered well following Monday’s DeepSeek scare.

What Happened: Bitcoin fell to $100,260 by the evening after a surge to $103,465 in the morning hours. The leading cryptocurrency eventually rose above $101,000 as traders bought the dip.

Ethereum also gave up early advances, falling to a low of $3,044 after a move above $3,200 in the morning.

More than $300 million was liquidated from the cryptocurrency market over the last 24 hours, with $229 million in upside bets getting deleted.

Bitcoin’s Open Interest slid by nearly 4% in the last 24 hours. A drop in spot price, coinciding with a drop in OI, suggested liquidation of longs.

Interestingly, 60% of Binance’s top traders were still long Bitcoin, indicating a potential rebound in the coming days.

The market sentiment remained in the “Greed” zone, according to the Crypto Fear & Greed Index.

Top Gainers (24-Hours)

The global cryptocurrency market capitalization stood at $3.44 trillion, contracting 1.49% in the last 24 hours.

Stocks rebounded on Tuesday, recouping losses from Monday’s DeepSeek-fueled decline. The Nasdaq Composite lifted 2.03% to end at 19,733.59. The S&P 500 rose 0.92%, closing at 6,067.70. The Dow Jones Industrial Average added 136.77 points, or 0.31%, to close at 44,850.35.

AI behemoth Nvidia Corp. NVDA rallied 8.93%, a day after recording its worst single-day loss in history.

Investors will turn their attention to the Federal Reserve meeting on Wednesday, with a consensus that the central bank will keep its current target rate of 425–450 bps unchanged, according to the CME FedWatch tool.

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Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez spotted a sell signal on Bitcoin’s hourly chart, using the TD Sequential indicator.

“Bitcoin could retest recent lows around $99,000. A rebound may follow, supported by a dovish outlook from the Fed tomorrow,” Martinez predicted.

The TD Sequential indicator is a technical analysis tool that identifies potential trend exhaustion points and price reversals.

Blockchain analytics firm CryptoQuant noted a significant rise in market share of  Bitcoin holdings by U.S. entities, including exchanges, banks, and funds, suggesting that the bull market was far from over.

Photo by SvetlanaParnikova on Shutterstock

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